Emissions Trading / Carbon Market News (28/09/2020)

Dear Sir or Madam,

the chairman of the German CSU, Markus Söder, has called for an end to vehicles with internal combustion engines in Germany from 2035. With this, he joins the ranks of those in favor of a clear end date for vehicles with gasoline or diesel engines. However, these vehicles currently still account for 97.6% of vehicles in Germany and many of these combustion engines will probably continue to be driven even after a possible ban on new registrations in 2035, insofar as the CO2 pricing in this sector does not have a clear control effect would.

A lack of price-driving news last week led to a further weekly price drop of 6.5% in European emission rights. The EUA closed just above the € 26 mark, with the energy sector, with the exception of gas, also falling.

This week, 14.4 million EUA will be auctioned on four days in Leipzig. In the coming week there will be 21.6 million CO2 certificates, including 769,000 emission rights for aviation on Wednesday, October 7, 2020.

  (Average Quotes Exchange / OTC)   
EUA (Spot-Market)27.98 EUR26.15 EUR-1.83 EUR
EUA (December-2020-Future)27.99 EUR26.17 EUR-1.82 EUR
CER (Spot-Market)0.31 EUR0.30 EUR-0.01 EUR
ICE Brent Crude Oil (Benchmark Future)42.98 USD41.84 USD-1.14 USD
EURO (Currency, Forex)1.1837 USD1.1631 USD-0.0206 USD

(The average exchange quotes and OTC-prices shows the average between bids and ask of several exchanges and OTC markets for carbon emission rights in the ETS. Bid and ask has usually in Spot Market a visible spread. CER CP1 and ERU are eligible in ETS until end of March 2015 and must be swapped into EUA. Crude Oil and Euro Currency shows day-end-exchange quotes. This market information has just an informational character and are no advice or offer to trade carbon emission rights or their futures and options. If you want to unsubscribe, please reply to this mail.)

Please call our international carbon desk if any further questions exist: +49.2831.1348220.

With kind regards,

Advantag Services GmbH